Ripple adds Hyperliquid to its prime brokerage platform in first DeFi integration

Ripple has integrated Hyperliquid into its Ripple Prime platform, which is the first time the prime brokerage has directly supported a decentralized finance (DeFi) venue. This integration allows Ripple Prime clients to access Hyperliquid’s onchain derivatives markets and manage those positions alongside exposures in other asset classes, including centralized crypto venues and traditional markets like FX and fixed income, all within the single Ripple Prime platform.

Clients retain Ripple Prime as their sole counterparty, as the platform sits between them and the underlying venues, unifying risk and margin management across different platforms. This move aligns with the growing institutional interest in DeFi, as firms seek traditional prime brokerage structures to access onchain platforms. Michael Higgins, international CEO at Ripple Prime, stated this extension enhances client access to liquidity and innovation.

Ripple Prime was established following Ripple’s $1.25 billion acquisition of Hidden Road, a multi-asset non-bank prime broker, and has since grown significantly, serving over 300 institutional clients and clearing over $3 trillion annually across various markets, including digital assets and fixed income.

(Source：The Block)